Which of the following financial goals do high-net-worth investors rank as their top priority?
1) Saving for retirement
2) Leaving a legacy to heirs
Believe the answer to be (2)? Think again. According to a new TIAA-CREF survey, generating income in retirement and accumulating savings in retirement are the top priorities for, respectively, 50 percent and 41 percent of affluent investors. By comparison, just 5 percent of affluent investors identify leaving a legacy as a top priority.